TITLE

Missouri Offers Rare, Gilt-Edged Deal

AUTHOR(S)
Shields, Yvette
PUB. DATE
July 2010
SOURCE
Bond Buyer;7/7/2010, Vol. 373 Issue 33345, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the deal which is crafted to achieve near-term budget relief and long term savings on debt service in Missouri. It notes that the state is to cut on various bonds series including water pollution control and state building general obligation bonds by increasing debt service from 2013-2023. Meanwhile, the highest-quality credit rating of the state is said to be based on the financial discipline's history demonstrated by the consistently high available fund balances.
ACCESSION #
52219279

 

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